Limited audit in Geneva
Meet your obligations and strengthen your credibility.
The limited audit is a limited financial audit, carried out by a licensed auditor in Switzerland, to give an opinion on a company's annual accounts. It is not part of the year-end closing but is required in the event of opting in.
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An RAB-licensed auditor
The review results in an opinion on compliance with Swiss accounting principles.
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A limited scope
No exhaustive testing or in-depth assessment of the company's systems.
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Greater credibility
A professional opinion strengthens the confidence of shareholders, creditors and suppliers.
What is a limited audit
This engagement consists of a limited review of a company's annual accounts and an opinion on whether the financial statements comply with Swiss accounting principles.
A limited audit differs from a full audit in that its scope is narrower: the auditor examines the accounting and financial documents, but carries out no exhaustive testing and no in-depth assessment of systems and processes.
Why it matters for your company
It provides a professional opinion on whether the annual accounts comply, which helps identify errors and potential problems in your financial statements and take steps to correct them.
It improves your transparency and credibility with stakeholders, and helps you comply with legal financial reporting requirements.
How it differs from the ordinary audit
The ordinary audit is a more exhaustive engagement, involving an in-depth assessment of systems and processes, substantive testing and extensive verification procedures. Its purpose is to give reasonable assurance that the annual accounts are free from material misstatement.
The limited audit, by contrast, is restricted to checking the financial statements and to an assurance statement for stakeholders. In addition, in the event of financial difficulty or once more than 10 full-time employees are hired, the audit becomes mandatory.
Frequently asked questions
Your situation does not fit any box? Call us, the first conversation commits you to nothing.
+41 22 525 40 80An ordinary audit involves an in-depth assessment of the company's systems and processes, substantive testing and extensive verification procedures. A limited audit is restricted to checking the financial statements and to an assurance statement intended for stakeholders.
An auditor licensed by the RAB (Federal Audit Oversight Authority). They review the annual accounts in a limited way and give an opinion on whether the financial statements comply with Swiss accounting principles.
In case of financial difficulty, or as soon as more than 10 full-time employees are hired. It is also required in the event of opting in.
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